Permanent TSB’s current account win

PERMANENT TSB says it has been the biggest beneficiary from the opening up of the current account market.

Irish Life & Permanent boss David Went yesterday said its banking subsidiary Permanent TSB had opened 5,000 new current accounts since the Irish Bankers’ Federation switching code came into effect last month.

Mr Went said these customers had switched from other banks and he expected more customers to sign up later this year.